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CTIL gains on receiving approval to acquire 51% stake in Doctorstime Health Service

24 Sep 2012 Evaluate

Comp U Learn Tech India (CTIL) is currently trading at Rs. 14.69, up by 0.31 points or 2.16% from its previous closing of Rs. 14.38 on the BSE.

The scrip opened at Rs. 14.60 and has touched a high and low of Rs. 14.78 and Rs. 14.50 respectively. So far 5,160 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 25.09 on 31-May-2012 and a 52 week low of Rs. 8.05 on 18-Oct-2011.

Last one week high and low of the scrip stood at Rs. 16.73 and Rs. 14.02 respectively. The current market cap of the company is Rs. 32.00 crore.

The promoters holding in the company stood at 15.30% while Non-Institutions held 84.70% respectively.

Comp U Learn Tech India has received an approval for acquisition of 51% stake in Doctorstime Health Service. The board at its meeting held on September 21, 2012 has approved for the same. Also the board for this purpose, constituted a committee to study various aspects of the acquisition and carry out due diligence of the said company.

Besides, the board had discussed in detail various pros and cons of the proposed joint venture (JV) with Sreeven Infocom and approved the term sheet for entering into JV. It has also authorized the chairman to execute necessary documentation for the same.

Comp U Learn Tech India was established to provide cutting-edge information technology training to businesses and individuals through highly-focused, cost-effective and customized programs. It offers programs in web and client/server computing for both beginning and experienced participants.

Peers
Company Name CMP
TCS 2522.55
Infosys 1242.60
HCL Tech. 1277.20
Wipro 202.95
Tech Mahindra 1420.40
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